Archive:

December 2018

The growth rate of Singles’ Day has been slowing since 2015. This year, Singles’ Day GMV grew 23.7%, compared to last years’ 43.5% growth. But growth figures aside, Singles’ Day has changed China’s retail landscape as it continually introduces new brands and products from different countries. For some overseas retailers,...
China’s e-commerce market is the largest in the world and already represents more than 40% of the total global e-commerce spending. This year, China’s Singles’ day set a new record with US$30.8 and 27% growth when compared to last year. In the next four years Chinese online sales are expected...
The Chinese consumption patterns have been changing in the last few years, which is reflected in the increasingly willing to purchase more high quality products. In order to adapt to the new trends, the Chinese government announced that they will lift the tax-free ceiling for personal cross-border e-commerce retail purchases....